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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNew York May Allow Release of Trump State Tax Returns
New York May Allow Release of Trump State Tax Returns
May 7, 2019 at 3:08 pm EDT By Taegan Goddard 10 Comments
https://politicalwire.com/2019/05/07/new-york-may-allow-release-of-trump-state-tax-returns/
"SNIP....
As the standoff over President Trumps federal tax returns deepens in Washington, New York State lawmakers say they intend to advance a bill on Wednesday to allow congressional committees to see Mr. Trumps New York State returns, the New York Times reports.
State Senator Brad Hoylman, a Manhattan Democrat, confirmed on Tuesday that the State Senate has enough votes to ensure passage of a bill
The State Assembly has been slower to embrace the bill.
A tax return from New York where the president has the headquarters of his business empire and a home in Trump Tower could contain much of the same financial information as a federal return, which Mr. Trump has steadfastly refused to release.
.....SNIP"
calimary
(81,612 posts)2naSalit
(87,012 posts)ALBliberal
(2,362 posts)noteworthy. Many states require attachment of the federal return and also other state returns if taxpayers file in more than one state. At a minimum, state returns draw heavily on the data in the federal return. Release of the NY return(s) will most likely be a huge piece in figuring out Trumps sketchy financial picture.
BootinUp
(47,230 posts)Just do it.
safeinOhio
(32,763 posts)Sunshine State.
dchill
(38,641 posts)Let's Get It On!
Grammy23
(5,815 posts)There is a way. Lets get about finding a way! No time to waste waiting for the courts to help us. That would suit tRump just fine. Run out the clock. Nope. Do it now.
StarfishSaver
(18,486 posts)Duppers
(28,134 posts)Bring 'em on, the sooner the better.
Hortensis
(58,785 posts)Sheeple syndrome? Sheez. Wonder, would they would release anything to congress, or would anything found of interest only be turned over to the state AG?
Marcuse
(7,567 posts)Sancho
(9,072 posts)There only needs to be one that produces returns...
SergeStorms
(19,208 posts)I believe the income earned in those other states would still be reported on his NYS tax return. The main difference between a federal tax return and the NYS tax return is the deduction of NYS taxes paid on his federal return (which Trump deep sixed with his tax give-away to the rich "reform" last year). There's not much difference between the state and federal returns.
Sancho
(9,072 posts)maybe an accountant can say for sure, but I thought that any income earned in a state usually means a tax return in that state.
SergeStorms
(19,208 posts)You can have businesses in multiple states, but where you incorporated your business would be the state where you filed income taxes. Sales tax is a different story. In Trump's case I believe most (if not all) of his businesses are incorporated in New York State.
El Shaman
(583 posts)been cleared with 'Master Putin' ??
NBachers
(17,192 posts)Politicub
(12,165 posts)Actually, never apologize, no matter how much the GOP howls.
Wounded Bear
(58,799 posts)onetexan
(13,083 posts)The buffoon plays hard, New Yorkers can play harder. They've got an excellent AG whose not afraid to take him on to boot.
George II
(67,782 posts)SunSeeker
(51,824 posts)Pepsidog
(6,254 posts)Last edited Tue May 7, 2019, 07:20 PM - Edit history (3)
injunction stopping NY. The next shoe to drop is all the campaign money spent on lawsuits. Maybe legal, I dont know, but dumb ass conservatives are pouring money into his campaign to support his litigation.
mountain grammy
(26,677 posts)Doitnow
(1,103 posts)the truth? Just get it out there. Does anyone else have info on the creep? Please save our country, because it needs saving!
barbtries
(28,824 posts)trump is a money pit that's plain.
barbtries
(28,824 posts)but i can't do my state taxes until after i do my federal, because i have to carry over numbers from the federal. so i think this could be quite useful.
the news that broke today is good. because it embarrasses him. ooh i can only imagine the mood that motherfucker is in right now.
i think it makes it quite clear that trump is owned by putin by money. lots and lots and lots of money. i've thought this all along and have a nice glow of validation for the moment.
so we'll see. will this move the needle? will NY follow through? tune in tomorrow for another episode of the trump reality show. i wish it would get canceled already.
Blue Owl
(50,604 posts)at140
(6,110 posts)Of course Trump does not want his tax returns made public. It will expose his lies that he is a "winner".
dalton99a
(81,709 posts)Towlie
(5,333 posts)I liked the sound of that so much, I made it my signature line. Maybe I'll even have a T-shirt made.
Lock him up.
(6,957 posts)Any word on Morning Joe about that vote? (Got to put 'more' pressure!)